News

Biggest-ever round of oil and gas blocks may be open for bidding in Nov - Business Standard

Business Standard · last updated

Biggest-ever round of oil and gas blocks may be open for bidding in Nov

The government is expected to open the ninth round of bidding under the Open Acreage Licensing Policy (OALP IX) in November, officials said, in another attempt to invite foreign investments

Photo: Bloomberg

First Published: Oct 8 2023 | 8:37 PM IST

Key stories on business-standard.com are available only to BS Premium subscribers. Register to read more on Business-Standard.com

Related Knowledge Center: Offshore drilling

State of Play

The Biden administration is proposing additional leasing for offshore oil and gas drilling, largely limiting the plan to the Gulf of Mexico.

More informationabout Offshore drilling